Concerns over Japan’s fiscal management weighed on the yen, while USD/JPY edged higher during Asian hours. USD/JPY rose into the upper ¥160 range, and changes were also seen in order flows in the FX market.
During Asian hours today, USD/JPY edged higher. As concerns over fiscal deterioration under the Takaichi administration coincided with inflation concerns, Japan’s 10-year government bond yield at times rose into the 3.00% range, and USD/JPY climbed to ¥160.025.
Sell orders were observed above the current level, with offers quoted at ¥160.100, ¥160.150, ¥160.200, ¥160.300 and ¥160.400. On the downside, a buy order was waiting at ¥159.500.
Based on information provided by 外為どっとコム, the article introduces market order conditions and chart movements and explores potential trading points ahead.
The article provides information from 外為どっとコム as supporting material, focusing on the current state of USD/JPY and related order information.